The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-08-25
WeekIY Trade RevIeW.

weekly Trade Review.
NEW YORK, Aug. 19.-R. G. Dun &
Co.'s weekly trade review says: Ev-
erything now turns on crop prospects.
Considerable injury Is no longer dis
puted; indeed, its effects are already
felt in the diminishing demand from
some manufactured products, but esti-
mates of the extent of harm done differ
widely. Chicago and Detroit advices
indicate that rains were too late to
save a considerable portion of the corn
crop, but after declining one-half cent
on the growing impression that
the injury would not prove so
extensive as to balance the increase
in acreage, the price rose as much
on reports of injury by frost on Thurs
day. The latest Government reports
than last year. Wheat rose half a cent
on Wednesday, but lost the advance.
Injury to this crop does not appear i'm
portant, and official figures point to a
yield exceeding 40 ,00O, 600 bushels
which with stocks carried over would
meet all probable requirements.
The cotton trade shows a decline,
and while New Orleans reports as to
the yield are less favorable, Atlanta
and Galveston report an Improvement
from recent rains. What may prove
drouth, the injury to pastures and the
hay crop, and consequent losses in
dairy and animal products is often
overlooked. But the movement of
grain from the Northwest is remark
ably large, though lake transporta-
ton gets the lions share of it.
Buffalo July receipts by lake have
never been exceeded but once, while
the latest report of east-bound rail
shipments from Chicago is the small
est for many years.
While the railroads continue to report
large earnings, 108 roads showing a
net gain of n per cent. for July over
last year, the weakness in securities
operates to prevent sales for extensions
and new roads, and thus affects the de-
mand for rails and iron. At Philadel-
phia rails seem weaker, and a sale of
5000 tons to Southern road at price
equivalent to S37 at mills is noted.
Makers are disposed to meet
foreign competition, though renewal
of the compact to regulate the produc-
ton promises to prevent undue de-
preston. Pig iron is also shaded, and
it is admitted that the supply seems to
exceed the demand.
The monetary situation has one I'M
favorable and several favorable fea-
lures. Stringency increases and at sew
eral interior points reports of unsatis-
factory or ''only fair' collections grow
enormous, but the purchase of
bonds by the Treasurer, the shipment
of gold from Europe and the sales of
securities abroad by Mr.. Gould and by
some German houses here, appear to
avert pressure in this market for the
present. Exports in July were more
satisfactory, and for the past three
weeks have been slightly larger than
for the same weeks last year, and
while the reports of gold
on the way from Europe
are probably exaggerated for effect, the
outward movements of securities I'M
doubtedlY continues. The possibility of
important failures resulting from re-
cent daring speculations, and the
chance of large demands for money
from the West and South, are not to be
safely overlooked.
The business failures occurring
throughout the United States and
Canada during the last seven days
number for the United States 1874, and
for Canada twenty-six.
NEW YORK FIRMS.
New YORK, Aug. 19.-The Herald
prints a page of Interviews with the
leading firms in different branches of
trade in this city. They show that
there has been gradual but steady in
crease since the first of the year over
the business of the past few years.
Many merchants admit, however, that
even a better trade would have been
done If the money maket had not been
so close, while others hold that this
same closeneSs of the money market
has tended to solidify trade by restrict
ing undue speculation and infuSing
more care and thought into the minds
| of those who otherwise might have been
tempted to try and fly higher than the
| strength of their wings warranted. The
| dry goods men express themselves as
being well satisfied with the
business done. Collections are
reported good. A healthy and steady
market seems to have been the uni
versal expression. The carpet trade il
reported to be in a remarkably healthy
| condition. The furniture men are re
ported as beaming with satisfaction
Dealers in woolens and worsteds stat
that trade in their line has been full,
up to that of last year, but not mucl
over it. Collections are reported goot
and but few accounts run over time
The clothing men are waiting to hea
from the unharvested cotton crop, bu
seem to be contented. The boot ant
shoe men seem to be the happies
crowd in the city. They are repOrte
as being crowded with orders at goo
prices. The jewelers. say the outlook
promising and 1--WE are always the las
to feel bOoms." The wholesale gro
GERS are well satisfied, and seem cel
tain that business will continue to in
crease.